The Financial Times reported that some of the fixed income
traders in London found out they were no longer employed because
their security passes were not working when they tried to enter
the building.

Meanwhile, Business Insider learned that some of the
employees in the Stamford, CT office received phone calls Monday
afternoon as Sandy churned up the Eastern Seaboard telling them
they were cut.

While this might sound harsh, this is actually commonplace, a
very well-connected bulge bracket bank veteran explained to
Business Insider.

"You'd like to sit down and talk, but when they're cutting
10,000, sometimes it's about getting it over with," our source
said.

What's more, it's standard practice to deactivate the security
card.

Our source, who has had to lay people off in the past, said "most
people are fine, but some would end up having a tantrum and go
back to the office and do something stupid."